Monday, July 14, 2008
The Trillion Dollar Meltdown by Charles R. Morris
Read this book if you want to find out why:
Banks are failing
Foreclosures were up over 50% last month
Mortgage companies are closing
The Dow is barely over 11,000 and dropping quickly
There are no silver financial or business linings in sight
If you are a poor student of economics like me, you'll appreciate Morris's talent in simplifying the history of the past 40 years to show how we got to the economic mess that we are in now.
Read this and weep....
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